Citigroup tiene una exposición a PIGS de 31.700 millones
No se libran de una mala los tios de Citi,les pasa lo que al Popular en España.
Allá donde hay una oportunidad de cagarla sabes que van a estar seguro.
Aug. 5 (Bloomberg) -- Citigroup Inc., the third-biggest U.S. bank, said it has $31.7 billion of gross funds at risk in Greece, Italy, Portugal, Spain and Ireland.
The firm, which last month estimated its net “exposure” was $22 billion as of June 30, said the larger figure includes about $2 billion in posted margin and $7 billion in so-called hedges against funded commitments. To hedge, it bought credit protection from financial firms outside the five countries, the New York-based bank said today in a quarterly report.
Citigroup’s figures today were more detailed than estimates released July 15. The net amount of funds at risk, now estimated at $22.7 billion, includes $13.5 billion in so-called funded exposure. Of that, $6.4 billion stems from credit to financial institutions, $3.9 billion from corporations and $1.6 billion from sovereign debt, the bank said.
Funds at risk also include $9.2 billion in unfunded exposure, which can include letters of credit to borrowers who have not yet drawn on the money. The agreements are mainly with international companies based in the five nations and generally require that certain conditions are met before loans are made, according to the filing.
